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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (18722)	8/29/2003 5:43:47 PM
From: austrieconomist	Read Replies (1) of 39344

Greg Weldon technical viewpoint on gold. Very positive and easy to understand. My kind of analysis: Confirmed upside violation of downtrend line in place since 1987 Massive inverted head-and-shoulders bottoming pattern Mega-long-term 36-month Moving Average trending higher Moving average at highest level since 1999 "Can anyone say gold at $416? How about $502?" Three other important things to watch in the gold price, according to Greg. First, if gold closes today above the weekly close of $369.90, it would represent a new bull move WEEKLY closing high. [AE note, closed at $375] Second, If gold closes August above the monthly close of $368.30 (set in Jan. 03) it would represent a new bull move MONTHLY closing high. [AE note, another notch to the move] And finally, if gold violates the bull move intra-day, intra-week, intra-month high of $384, it would represent a new bull move MULTI-YEAR high.[AE note, not quite yet] Notice a pattern here?

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